1 Croskery Road, Papakura, Papakura

TENANTED INVESTMENT WITH OPTIONS

- Currently returning $150,000pa + GST and outgoings
- Ten-year lease term from May 2011, with rights of renewal
- Well established national construction sector tenant
- Solid industrial building with gantry and well-appointed office and amenities
- Substantial 6334sqm freehold corner site, offering large yard and ease of access
- A Grade IEP Report recently completed

This tenanted investment opportunity is located in a growing and aspirational commercial and industrial location, surrounded by a mix of other high profile companies and entities.

Situated on a 6334sqm freehold corner site this property offers a large existing building, with substantial yard space and other vacant land area.

Currently returning $150,000 per annum (plus GST & outgoings) from an established construction industry tenant, Harker Underground Construction Ltd, who are a subsidiary of a significant and well respected national construction sector group of companies.
The initial 10-year lease term commenced 11 May 2011, and has further rights of renewal.
The existing building comprises a total building area of approximately 1442sqm, including approx. 1061sqm of high stud warehouse/workshop with a gantry crane, plus well-presented office amenities and other smaller buildings.
A recently completed IEP report gives the property an A Grade rating 95% of IEP, and is available to interested parties.
This property represents a rare opportunity to a diverse range of astute purchasers.
Full details are contained with the comprehensive Information Memorandum which is available upon request
The property is to be sold by way of Auction at 11am Wednesday 21st September 2016 (Unless sold prior) at 4 Viaduct Harbour, Maritime Square.

All viewings of this property are strictly by appointment with the vendors sole appointed agents.

Mike Adams
M +64 21 977 527
E mike.adams@bayleys.co.nz

Peter Migounoff
M +64 27 4920 788
E peter.migounoff@bayleys.co.nz